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Would you consider fractional ownership in a really special coin?

seateddimeseateddime Posts: 6,180 ✭✭✭
in U.S. Coin Forum
After reading a post on this a few minutes ago I started to think.

I really want a 1894 S Dime but lack the ability to tie up $2 million in a single coin. If I could find 9 other people to each put up $200k and we could each "have it" for 5 weeks.

What do you think?
I seldom check PM's but do check emails often jason@seated.org

Buying top quality Seated Dimes in Gem BU and Proof.

Buying great coins - monster eye appeal only.
«1

Comments

  • PerryHallPerryHall Posts: 46,875 ✭✭✭✭✭
    I have no interest in partial ownership of any coin. Either I own it or I don't.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭
    Only if I could punch a hole in it and use it as a keyfob for the time I had it image

    The post does have me thinking about taking a lower mintage gold coin, punching a hole in it and using it as a keyfob. Could be a fun gift to pass on to the next generation.
    Private Mint News | 2010 Lincoln Reverse Finalists
  • curlycurly Posts: 2,880 ✭


    Absolutely, brother.
    Every man is a self made man.
  • ozzyfan269ozzyfan269 Posts: 1,002
    No way.image
  • ZoinsZoins Posts: 34,401 ✭✭✭✭✭
    I think a coin with factional ownership may get more appreciation and less time in the SDB. Just a guess.
    Private Mint News | 2010 Lincoln Reverse Finalists
  • JoflaxJoflax Posts: 979 ✭
    I can just imagine the listing on Heritage
    1/10 share of 1894 s dime , own it from oct 1 to nov 15image
    Not me
    Buy the dips!!!
  • BarndogBarndog Posts: 20,515 ✭✭✭✭✭
    I'd consider it for a 1792 half disme, no other coin.
    JR Newsletter Online Edition
  • SilverEagles92SilverEagles92 Posts: 6,787 ✭
    What's the point? I might consider getting a loan to own a very special coin, but I see no point in partial ownership.
    image
    To support LordM's European Trip, click here!
  • zkcoinszkcoins Posts: 1,754


    << <i>I have no interest in partial ownership of any coin. Either I own it or I don't. >>



    That sums it up for me. I don't want anything to happen and the other people blame me, or I blame them, etc.

    Just looks like a complicated mess.
    Zach

    Check my ebay BIN or Make Offers!!
  • cullenbryantcullenbryant Posts: 1,794
    i guess on a pieces of eight it wouldn't hurt image
  • silverpopsilverpop Posts: 6,748 ✭✭✭✭✭
    nope

    Coins for Sale: Both Graded and Ungraded
    https://photos.app.goo.gl/oqym2YtcS7ZAZ73D6

  • LickThoseStampsLickThoseStamps Posts: 1,028 ✭
    I am a fractional owner of many coins found in the Smithsonian collection.image
  • notwilightnotwilight Posts: 12,864 ✭✭✭
    Yes.
  • hubirdhubird Posts: 589
    Only 51% or more.
  • BAJJERFANBAJJERFAN Posts: 31,370 ✭✭✭✭✭
    yah yu betcha
    theknowitalltroll;
  • PerryHallPerryHall Posts: 46,875 ✭✭✭✭✭
    What happens when it's accidentally lost, misplaced, or "stolen" when it's your turn to keep it?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭
    I have a feeling it would get very annoying
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    No.. not even consider it.... just too many issues. Can you imagine? A two million dollar coin..yours for two weeks, quickly locked up in an SDB (as most seem to have)... Gee .. what fun. Ludicrous. Cheers, RickO
  • speetyspeety Posts: 5,424 ✭
    I would consider this if the people i was going to split the coin with lived fairly close and i knew well. The coin would be appreciated much more than a coin that just sits in a SDB. Also, i think any more then 4 people going in on a coin would be too many, but i have no problem splitting it with a couple other people.
    Want to buy an auction catalog for the William Hesslein Sale (December 2, 1926). Thanks to all those who have helped us obtain the others!!!

  • 291fifth291fifth Posts: 24,706 ✭✭✭✭✭
    No. Never.
    All glory is fleeting.
  • ram1946ram1946 Posts: 762 ✭✭
    Yes, but only as an investor and never as a collector. Even as an investor I would need a clear, legal understanding of my rights and responsibilites and a definitive exit strategy (as well as great image I can use as my background!).
  • lasvegasteddylasvegasteddy Posts: 10,432 ✭✭✭
    funny thing about this post is i was approached at work on partnership in acquiring an 1894-s dime (the xf example?) that was upcoming in an auction around 83' ?.myself and 4 others were to anty up 10k for a 20% stake in it's future as an investment.then 2 backed out that week of the auction....;-(
    high end coin partnership's probably exsists more then we know
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Maybe

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • GemineyeGemineye Posts: 5,374 ✭
    I would think that in some circles that it does exist.The number of players or owners may have an important factor in ownership.The more is not the merrier.I prsonally would think long and hard about it.It not only belongs to you alone.To take possesion of some one's treasure is a great responsibility.It's a hard decision........image
    ......Larry........image
  • CgbCgb Posts: 710 ✭
    Just cut it in about 4 pieces, then you can each have a piece.

    Done!
  • DJCoinzDJCoinz Posts: 3,856 ✭


    << <i>

    << <i>I have no interest in partial ownership of any coin. Either I own it or I don't. >>



    That sums it up for me. I don't want anything to happen and the other people blame me, or I blame them, etc.

    Just looks like a complicated mess. >>

    Yep.
    aka Dan
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,621 ✭✭✭✭✭
    Time Share Coins and Stuff™

    ``https://ebay.us/m/KxolR5

  • SwampboySwampboy Posts: 13,114 ✭✭✭✭✭
    Plane yes.

    Coin no.

    "Inspiration exists, but it has to find you working" Pablo Picasso

  • sfs2002usasfs2002usa Posts: 925 ✭✭✭
    You have only one partner in life - YOUR SPOUSE!
    The cardinal rule for any other partnerships in life is "D-O-N'-T !"
  • coinsomniaccoinsomniac Posts: 215
    Look at it this way. As a taxpayer, you already have partial ownership on the Smithsonian collection.
  • tradedollarnuttradedollarnut Posts: 20,209 ✭✭✭✭✭
    A coin? Only as an investment. A numismatic item? Certainly!
    Early Dollar Set
  • seateddimeseateddime Posts: 6,180 ✭✭✭


    << <i>Look at it this way. As a taxpayer, you already have partial ownership on the Smithsonian collection. >>



    true but I can't take them home
    I seldom check PM's but do check emails often jason@seated.org

    Buying top quality Seated Dimes in Gem BU and Proof.

    Buying great coins - monster eye appeal only.
  • tmot99tmot99 Posts: 5,238 ✭✭✭
    Not a chance.
  • orevilleoreville Posts: 12,151 ✭✭✭✭✭
    As a special numismatic item, I would only if I have a special bond to the coin.

    As an investment, it would be very difficult to me to say yes.
    A Collectors Universe poster since 1997!
  • DorkGirlDorkGirl Posts: 9,994 ✭✭✭
    If there was no other way I could ever own it, then YES.image
    Becky
  • CladiatorCladiator Posts: 18,256 ✭✭✭✭✭
    I would for a 1792 Half Disme if it meant I got to spend some special time alone with it image
  • tightbudgettightbudget Posts: 7,299 ✭✭✭
    No.
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>Yes, but only as an investor and never as a collector. Even as an investor I would need a clear, legal understanding of my rights and responsibilites and a definitive exit strategy (as well as great image I can use as my background!). >>



    real estate is quite common

    just another consortium
  • RBinTexRBinTex Posts: 4,328 ✭
    Yes
  • CaptHenwayCaptHenway Posts: 32,775 ✭✭✭✭✭
    Back in the early 1980s, the owner of a Brasher Doubloon attempted to syndicate it as an investment, with himself retaining 51% interest. It did not work.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭
    I don't own my coins, anyway. I am just a caretaker for a future generation image

    I might invest in a specialty fund with ownership of some special coins with future upside - emphasis on "might". Partial ownership of the sort you describe doesn't seem attractive to me.

    Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1

  • UnknownUnknown
    This content has been removed.
  • PerryHallPerryHall Posts: 46,875 ✭✭✭✭✭
    For it to work, it would be kept in a secure safe deposit box and each co-owner would have a key so anyone could visit it at any time they wished. But it must be left at the bank for security reasons. No taking it to the local bar to show to your buddies.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,621 ✭✭✭✭✭
    I'd own a coin with a few guys. There are trustworthy men who I'd kick it with and share my coins with. VERY FEW.... but a few.
    What we would need is a good curator for our museum, though image

    ``https://ebay.us/m/KxolR5

  • BarryBarry Posts: 10,100 ✭✭✭
    Here's an idea for the real estate agents:

    Sell a timeshare and a rare coin is part of the property. When you stay there for your week, the coin is yours.


    NOT!
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,621 ✭✭✭✭✭


    << <i>Here's an idea for the real estate agents:

    Sell a timeshare and a rare coin is part of the property. When you stay there for your week, the coin is yours.


    NOT! >>



    image
    Thanks Barry... My laugh for the day was born of that one word "NOT".

    ``https://ebay.us/m/KxolR5

  • UtahCoinUtahCoin Posts: 5,366 ✭✭✭✭✭
    If "time share" is a bad thing in resort property, it's a really bad thing in a coin...
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
  • TorinoCobra71TorinoCobra71 Posts: 8,061 ✭✭✭


    << <i>I have no interest in partial ownership of any coin. Either I own it or I don't. >>



    image

    TorinoCobra71
    image
  • mckaletamckaleta Posts: 131 ✭
    This concept has worked in the past for rare baseball cards...

    Remember - we all are the temporary owner of these old coins anyways. Why not share?
    Sometimes I wish I was dead. Wait, not me. You. - Jack Handy
  • seemyauctionseemyauction Posts: 3,655 ✭
    Time Share Coins . Com


    on a serious note, it would not be any different than entering into a business with someone, you better have everything drawn up and on paper before you go dishing out 200K



    AL
    imageCoinZip.com

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